Spruce Investment Advisors’s iShares Short-Term National Muni Bond ETF SUB Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Shares Change %	Capital Flow	Portfolio Weight	Portfolio Position
2017 Q2	–	Sell	-103,760	Closed	-$11M	–	46
2017 Q1	$11M	Sell	103,760 -49,474	-32%	-$5.22M	12.63%	1
2016 Q4	$16.1M	Buy	+153,234	New	+$16.1M	12.5%	3